Inflation coming down should further aid rural consumption recovery: Varun Lohchab
If you look at consumption, especially the discretionary stocks, valuations are more stretched out there. So, in that context, I think FMCG valuations is not a big risk but given still slightly elevated level of valuations, your returns may not be very high but I think the risk reward is looking good because both margins and volumes will see an uptick over the next two to three quarters
